Where would you flee to? If the US collapses economically, there won't be too many countries that are safe havens.

Not true there are always safe havens. I am working with an individual from Vietnam whose emigration to Switzerland was paid with by gold held onto by his father and paid to the necessary people to get his son, then age 14 to another family. All of the families bank accounts had been frozen by the communists.

Gold is merely a universal form of currency. And the amount of goods any currency can buy is always fluctuating.

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Not true there are always safe havens. I am working with an individual from Vietnam whose emigration to Switzerland was paid with by gold held onto by his father and paid to the necessary people to get his son, then age 14 to another family. All of the families bank accounts had been frozen by the communists.

Gold is merely a universal form of currency. And the amount of goods any currency can buy is always fluctuating.

Gold is a currency. Holding Gold is a form of insurance against economic chaos, and/or high inflation. How much should pay for this insurance policy is great question, and one I don't have an answer to. I don't own any gold, but I don't think holding up to 25% of your portfolio in gold (i.e. Permanent Portfolio) is a mistake.

My reading (you need to verify for yourself) suggest that 3% to 5% gold in a typical stock/bond Port. smoothes the ride. Naturally, that could cost you some potential gains but may save you some losses. Seems to have worked well for me since I began holding some PMs. YMMV.

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